The SAFE/Boeing CU Mega-Merger: The Future Is Plane To See?

 

No longer SAFE?

 

 ✔ As the SAFE Board and CEO see the merger! 

 

By selling out: "We can assure that our success over the last 85 years ("a leader in the credit union space") will continue."  

 

 ✔ As the financial experts see the merger!

1]  Better rates                                            YES ◻    NO   ❎

2]  Lower operating costs                             YES ◻    NO   ❎

3]  Enhanced technology                              YES ◻    NO   ❎

4]  More branches/ATMs                               YES ◻    NO   ❎ 

5]  Retain local ownership/control               YES ◻    NO   ❎ 

6]  Assured increase in community support YES ◻    NO   ❎

7]  In-state California regulation                  YES ◻    NO   ❎

8]  Return of capital to SAFE members         YES ◻    NO   ❎ 

9]  Member dialogue prior to agreement      YES ◻    NO   ❎ 

10] Will strengthen the Sacramento area     YES ◻    NO   ❎ 

  SAFE members: "Please fasten your seat-belts... ... in preparation for landing!"

Even Trolls Keep Questioning The SAFE/BECU "Mega-Me"... Again!

   

                     A $400 million sucker punch?

✅ Following CEO Faye Nahbani's "Makes Cents" video yesterday [link], even the trolls are again calling out the illogic and mis-statements. That's not usually a good sign!

✓  🧌🧌🧌  Anonymous July 8, 2026 at 2:31 PM

✓ 🧌🧌🧌  AnonymousJuly 8, 2026 at 1:36 PM

 

 ✅ A few months back: 

 In response to the "$400 Million And No Toaster?" post [link], even our troll community seems a bit perplexed about the BECU/SAFE "mega-me-me" merger! 

✓ 🧌🧌🧌  "Anonymous February 23, 2026 at 11:15 AM" 

*This isn't a good deal for SAFE members, but not for he reasons stated. Their capital isn't going away. BECU has basically flat-lined on deposit and asset growth in the last few years, and they're not very profitable, despite being focused on profit. Their high operational expense ("Opex") ratio is 3.43% and rising; SAFE is 3.13% and declining.  This is a scale and net income play for BECU. They'll have to hack expenses a lot get that horrible Opex down. And, their rates aren't great:

SAFE new auto, 5.19%,  BECU 5.49%
SAFE used auto, 5.29%, BECU, 5.79%
SAFE HELOC, 6.75%,   BECU HELOC, 6.99%
SAFE Personal loan, 9.04%, BECU 9.99% etc, etc..

SAFE 24 mo CD: 3%; BECU 2.23%
SAFE 12 and 18 CD: 2.55%; BECU 2.37% ...it goes on and on.*

😎 So, according to our troll-confirmed, NCUA financial data: BECU has higher operating costs, worse interest rates, and a slower growth rate than SAFE credit union!?!   

😎 But the CEOs are cooing otherwise... 

                    

                           [link-watch the CEO video]

  Faye Nabahni: "You can see it in the data, you can see it in the statistics. It's factual which I love, I love data... it's undeniable."